Periscope Capital Inc.

In its 13F for Q3 2025 (holdings as of September 30, 2025, filed November 13, 2025), Periscope Capital Inc. reported 135 stock positions worth $393.1 million. Its top holding was Bain Capital GSS Investment (BCSS.U) at 1.8% of the portfolio, followed by Spring Valley Acquisition (SVACU, 1.5%) and Crane Harbor Acqu Class A (CHAC, 1.4%). Compared with Q2 2025, it opened 46 new positions, sold out of 7, added to 44 and reduced 24. The biggest buy was a new position in Bain Capital GSS Investment (BCSS.U) and the biggest sale Pioneer Acquisition I Class A (PACH, shares −16%).

Most Recent 13F
Q2 2026
Location
Toronto, A6
CIK
0001695320
Portfolio Value
$393.1M (Q3 2025)
SEC Filing
0001193125-25-279757 ↗ filed Nov 13, 2025

Holdings Value

0$200.0M$400.0M$600.0M$800.0M Q1 2024: $346.8M Q1 2024 Q2 2024: $251.2M Q2 2024 Q3 2024: $138.0M Q3 2024 Q4 2024: $119.3M Q4 2024 Q1 2025: $159.2M Q1 2025 Q2 2025: $251.4M Q2 2025 Q3 2025: $393.1M $393.1M Q3 2025 Q4 2025: $490.8M Q4 2025 Q1 2026: $548.6M Q1 2026 Q2 2026: $600.2M Q2 2026

Holdings 135 stocks · $393.1M
BCSS.U Bain Capital GSS Investment 1.76% 686,000 $6.9M New
SVACU Spring Valley Acquisition Co. 1.45% 556,000 $5.7M New
CHAC Crane Harbor Acqu Corp. Class A 1.35% 525,000 $5.3M Reduce -4.5%
ONEN One Nuclear Energy Inc. filed as HENNESSY CAP INVT CORP VII 1.31% 507,043 $5.2M Add +9.9%
DRDB Roman DBDR Acquisition Corp. 1.31% 500,000 $5.2M Add +18.4%
HCMAU HCM III Acquisition Corp. 1.31% 500,000 $5.2M New
BDCIU BTC Development Corp. 1.31% 508,500 $5.1M New
ATII Archimedes Tech Spac Partner 1.30% 500,000 $5.1M Add +11.1%
KFII K&F Growth Acquisition Cor-A 1.30% 500,000 $5.1M Add +14.4%
COPL Copley Acquisition Corp. Class A 1.29% 500,000 $5.1M Add +0.0%
BCAR D. Boral Arc Acquisit Class A 1.26% 500,000 $5.0M New
ALDF Aldel Financial II Inc. 1.26% 475,000 $5.0M Add +11.2%
CCII Cohen Circle Acquisit II - A 1.23% 475,000 $4.8M New
TACH Titan Acquisition Corp. Class A 1.22% 475,000 $4.8M Add +5.6%
FAC Factorial Energy Inc. filed as CARTESIAN GROWTH CORP III 1.21% 475,000 $4.8M Add +35.7%
SIMA Sim Acquisition Corp. I-A 1.21% 450,000 $4.7M Add +100.0%
INAC Indigo Acquisition Corp. 1.20% 475,000 $4.7M New
PACH Pioneer Acquisition I Class A 1.20% 475,000 $4.7M Reduce -16.1%
JACS Jackson Acquisition Co. Class A 1.19% 450,000 $4.7M Add +38.5%
BEAG Bold Eagle Acquisition Cor-A 1.18% 446,300 $4.6M Reduce -0.8%
SVCC Stellar V Capital Corp. Class A 1.18% 450,000 $4.6M Add +17.3%
PLMK Plum Acquisition Corp. IV 1.17% 445,500 $4.6M Add +18.8%
NHIC Newhold Investment Cor III-A 1.17% 450,000 $4.6M Add +12.5%
JENA Jena Acquisition Corp. II - A 1.16% 450,000 $4.6M Reduce -0.3%
SOCA Solarius Capital Acquis Class A 1.14% 450,000 $4.5M New
GTERA Globa Terra Acquisition Co. Class A 1.14% 449,200 $4.5M New
EVAC Eqv Ventures Acquisition C-A 1.14% 449,800 $4.5M New
FACT Fact II Acquisition Corp. 1.14% 433,100 $4.5M Add +116.5%
AACB Artius II Acquisition Inc. Class A 1.12% 432,800 $4.4M Add +89.5%
MLAC Mountain Lake Acquisition-A 1.11% 424,388 $4.4M Add +21.3%
NPAC New Providence Acquisition-A 1.11% 430,388 $4.4M New
RAC Rithm Acquisition Corp. Class A 1.11% 424,621 $4.4M Add +6.3%
SDHI Siddhi Acquisition Corp. Class A 1.10% 425,000 $4.3M Add +6.3%
TVA Texas Ventures Acquisition-A 1.09% 400,000 $4.3M No change
OTGAU Otg Acquisition Corp. I 1.09% 425,000 $4.3M New
TVAI Thayer Ventures Acquis Class A 1.08% 425,000 $4.3M Add +10.8%
OACC Oaktree Acquisition Corp. I-A 1.07% 400,000 $4.2M No change
TDAC Translational Development Ac 1.05% 400,090 $4.1M Add +100.0%
GTEN Gores Holdings X Inc. Class A 1.04% 400,000 $4.1M Reduce -13.2%
SZZL Sizzle Acquisition Corp. Class A 1.03% 400,002 $4.0M Add +60.0%
LWACU Lightwave Acquisition Corp. 1.02% 400,000 $4.0M Add +23.7%
ORIQ Origin Investment Corp. I 1.02% 400,000 $4.0M New
KCHV Kochav Defense Acquisition-A 1.02% 400,000 $4.0M Add +44.4%
LATAU Galata Acquisition Corp. II 1.02% 400,000 $4.0M New
MBVIU M3-Brigade Acquisition Vi Co. 1.01% 393,300 $4.0M New
OBA Oxley Bridge Acquisitio Class A 0.98% 389,000 $3.9M Add +18.9%
SPEG Silver Pegasus Acquisition-A 0.95% 375,241 $3.7M New
AXIN Axiom Intelligence Class A 0.95% 375,000 $3.7M Add +31.4%
PMTR Perimeter Acquis Corp. I Class A 0.94% 365,000 $3.7M Add +10.5%
GPAT GP-Act III Acquisition-A 0.93% 344,000 $3.6M Add +46.4%
ANSC Agriculture & Natural Soluti 0.90% 325,000 $3.5M No change
KOYNU CSLM Digital Asset Acquisiti 0.90% 350,000 $3.5M New
CRAQ Cal Redwood Acquisit Class A 0.89% 350,000 $3.5M Add +42.1%
BACC Blue Acquisition Corp. Class A 0.89% 350,000 $3.5M Reduce -1.1%
LEGT Legato Merger Corp. III 0.89% 325,000 $3.5M No change
FIGX Figx Capital Acquisition C-A 0.89% 350,000 $3.5M Add +97.7%
BLUW Blue Water Acquisition C-A filed as BLUE WTR ACQUISITION CORP. I 0.89% 349,800 $3.5M Add +74.9%
ENHA Enhanced Group Inc. filed as A PARADISE ACQUISITION CORP 0.88% 350,000 $3.5M New
LPBB Launch Two Acquisition Class A 0.86% 325,000 $3.4M No change
OYSE Oyster Enterprises II Acq-A 0.83% 325,000 $3.3M Add +60.1%
ALF Centurion Acquisition Corp. 0.82% 304,554 $3.2M Add +8.2%
XRPN Armada Acquisition Class A 0.80% 300,000 $3.1M Add +50.0%
HAYMAKER ACQUISITION CORP 4 0.79% 275,000 $3.1M Reduce -21.4%
NTWO Newbury Street II Ac Class A 0.79% 300,000 $3.1M No change
GSHR Gesher Acquisition Corp. II-A 0.78% 303,033 $3.1M Add +21.4%
RDAG Republic Digital Acquis Class A 0.78% 299,800 $3.1M Add +3.1%
CEPF Cantor Equity Partners Class A 0.78% 300,000 $3.1M New
POLE Andretti Acquisition Corp. Class A 0.77% 288,990 $3.0M Add +372.2%
MKLYU McKinley Acquisition Corp. 0.77% 301,200 $3.0M New
VCIC Vine Hill Capital Class A 0.75% 275,000 $2.9M Reduce -22.2%
CCIX Churchill Capital Corp. Ix 0.73% 275,000 $2.9M No change
TMS Teamshares Inc. filed as LIVE OAK ACQUISITION CORP V 0.72% 279,433 $2.9M Add +86.3%
FG MERGER II CORP 0.72% 283,100 $2.8M Add +13.2%
IPCX Inflection Point Acquisiti-A 0.70% 275,000 $2.8M Add +16.4%
SOUL Soulpower Acquisition Co. Class A 0.69% 268,734 $2.7M New
TONT Graf Global Corp. Class A 0.66% 247,500 $2.6M No change
MRLN Merlin Inc. filed as BLEICHROEDER ACQUISITION COR 0.66% 250,000 $2.6M Reduce -23.1%
FTW Eqv Ventures Acquisition C-A 0.66% 250,000 $2.6M Reduce -10.1%
DMIIU Drugs Made in America Acquis 0.63% 250,000 $2.5M New
VNME Vendome Acquisition Corp. Class A 0.63% 250,000 $2.5M New
MACI Melar Acquisition Corp. I-A 0.63% 235,412 $2.5M Add +17.7%
HDRN Hadron Energy Inc. filed as GIGCAPITAL7 CORP 0.60% 225,000 $2.4M Add +12.5%
FERA Fifth Era Acquisition Corp. Class A 0.58% 225,000 $2.3M New
NETD Nabors Energy Transition C-A 0.57% 200,000 $2.2M Reduce -33.3%
NMP NMP Acquisition Corp. Class A 0.57% 223,985 $2.2M New
AEXA American Exceptionalism Class A 0.56% 201,000 $2.2M New
CUB Lionheart Holdings Class A 0.54% 200,000 $2.1M New
LPAA Launch One Acquisition Corp. 0.53% 200,000 $2.1M Reduce -1.2%
SBXDF Silverbox Corp. IV-A 0.53% 200,000 $2.1M Reduce -17.6%
GSRFU GSR IV Acquisition Corp. 0.52% 200,000 $2.0M New
PELI Pelican Acquisition Corp. 0.51% 200,000 $2.0M No change
EGHA Egh Acquisition Co. Class A 0.51% 200,000 $2.0M New
EMISU Emmis Acquisition Corp. 0.51% 200,000 $2.0M New
CHECU Chenghe Acquisition III Co. 0.51% 200,000 $2.0M New
PAII Pyrophyte Acquisition Corp. Class A 0.51% 199,806 $2.0M New
BRR Columbus Circle Capital Co. Class A 0.49% 190,000 $1.9M Add +35.7%
RFAI RF Acquisition Corp. II 0.48% 175,100 $1.9M Add +0.1%
TACO Berto Acquisition Corp. 0.47% 179,400 $1.9M No change
INFQ Infleqtion Inc. filed as CHURCHILL CAP CORP X 0.47% 142,500 $1.8M New
HVMCU Highview Merger Corp. 0.46% 180,000 $1.8M New

Show all 135 holdings

Options reported separately and not counted above: LQD puts ($44.6M), SLF calls ($39.0M), HYG puts ($32.5M), RY calls ($29.5M), ENB calls ($25.2M), TD calls ($21.6M), BNS calls ($16.2M), ARKK puts ($6.9M), GDXJ puts ($644K), META calls ($367K), META puts ($367K), PYPL puts ($268K), and 1 more.

Other holdings (138): bonds, preferreds, convertibles and warrants · $17.9M (not counted above)
SecurityClassShares / PrincipalValueChange
EQUINOX GOLD CORP (EQXCN 4.75 10/15/28) NOTE 4.750%10/1 · principal 2,500,000$4.8MAdd +25.0%
SHOPIFY INC (SHOPCN 0.125 11/01/25) NOTE 0.125%11/0 · principal 1,563,000$1.6MNo change
FORTUNA MINING CORP (FVICN 3.75 06/30/29) NOTE 3.750% 6/3 · principal 1,000,000$1.6MNo change
FIRST MAJESTIC SILVER (AGCN 0.375 01/15/27) NOTE 0.375% 1/1 · principal 915,000$991KNo change
BLACKBERRY LTD (BBCN 3 02/15/29) NOTE 3.000% 2/1 · principal 500,000$742KNo change
CENTERPOINT ENERGY INC (CNP 4.25 08/15/26) NOTE 4.250% 8/1 · principal 400,000$444KNo change
CHACR Crane Harbor Acquisition-RTS RIGHT 04/17/2030 725,000$227KNo change
TVACW Texas Ventures Acq -31 *W EXP 04/23/203 200,000$220KReduce -11.1%
LEGT.WS Legato Merger Corp. III-29 *W EXP 05/08/203 549,900$206KReduce -4.4%
HYAC.WS Haymaker Acquisition Corp.-28 *W EXP 05/31/202 447,600$200KNo change
SVIWF Spring Valley Acquisition-Aw *W EXP 02/25/202 140,000$182KReduce -58.6%
INFQ.WS Churchill Capital Corp. X *W EXP 05/14/203 50,000$178KReduce -60.0%
WLACW Willow Lane Acquisition - 29 *W EXP 10/31/203 60,000$168KReduce -65.7%
VCICW Vine Hill Capital Class A-2 *W EXP 07/01/203 100,000$160KReduce -42.9%
ALDFW Aldel Financial II Inc. - 29 *W EXP 09/26/203 275,000$150KNo change
SPKWF Spark I Acquisition Corp.-28 *W EXP 10/01/203 218,900$131KNo change
CCIXW Churchill Capital Corp. I-29 *W EXP 03/31/203 160,000$125KNo change
BEAGR Bold Eagle Acquisition Corp. RIGHT 10/11/2029 460,000$124KNo change
SVIRF Spring Valley Acquisit-Right RIGHT 02/25/2026 225,000$117KReduce -69.9%
HVIIR Hennessy Capital Investment RIGHT 01/17/2030 412,204$113KNo change
HDRNW GIGCAPITAL7 Corp.-A - 29 *W EXP 08/29/202 250,000$113KReduce -16.8%
SDHIR Siddhi Acquisition Corp. RIGHT 09/15/2029 500,000$110KNo change
ESHAR Esh Acquisition Corp. - Right RIGHT 06/13/2028 550,000$106KReduce -29.0%
DYNCW Dynamix Corp. - 29 *W EXP 10/25/202 50,000$106KReduce -50.0%
JENA ACQUISITION CORP II-RTS RIGHT 03/31/2030 500,000$100KAdd +10.7%
PMTRW Perimeter Acquis Corp. I -30 *W EXP 05/13/203 165,100$99KAdd +61.5%
CCIIW Cohen Circle Acq II -30 *W EXP 07/01/203 123,200$99KNew
RDAGW Republic Digital Acqu - 30 *W EXP 05/01/203 149,900$97KAdd +3.1%
DRDBW Roman DBDR Acquisition -30 *W EXP 10/31/203 187,500$97KNo change
XRPNW Armada Acquisition Corp - A *W EXP 05/21/203 100,000$95KNo change
RAC.WS Rithm Acquisition Corp. - 30 *W EXP 99/99/999 145,800$93KNo change
SPEGR Silver Pegasus Acquisition C RIGHT 06/26/2030 375,241$92KNew
IPCXR Inflection Point Acquisition RIGHT 04/25/2030 200,000$88KReduce -20.1%
GTENW Gores Holdings X Inc.-31 *W EXP 05/02/203 115,000$87KReduce -6.3%
INACR Indigo Acquisition Corp. RIGHT 04/02/2027 525,000$84KNew
RTACW Renatus Tactical Acqu - 30 *W EXP 05/15/203 67,500$81KReduce -3.6%
SVCCW Stellar V Capital Corp.-Class-29 *W EXP 10/15/202 227,039$81KNo change
BCARW D Boral Arc Acquisition - 30 *W EXP 07/23/203 346,400$75KNew
TVAIR Thayer Ventures Acquisition RIGHT 05/15/2030 434,500$74KAdd +13.2%
ATIIW Archimedes Tech-30 *W EXP 10/15/202 198,600$73KReduce -11.2%
BACCR Blue Acquisition Corp.-RTS RIGHT 06/11/2030 450,000$72KAdd +27.2%
GTERR Globa Terra Acquisition-RTS RIGHT 06/17/2030 479,200$72KNew
OAKUR Oak Woods Acquisition Cor-RT RIGHT 03/23/2028 344,700$72KNo change
JACKSON ACQUISITION CO II RIGHT 99/99/9999 275,000$72KNo change
KCHVR Kochav Defense Acquisition-R RIGHT 05/21/2030 325,000$72KAdd +17.3%
COPL.WS Copley Acquisition Corp. -30 *W EXP 99/99/999 351,600$71KNo change
KFIIR K&F Growth Acquisition Corp. RIGHT 08/29/2031 500,000$70KNo change
TONT.WS Graf Global Corp.- 29 *W EXP 05/31/203 210,300$69KNo change
NHICW Newhold Investment Corp. - 30 *W EXP 01/30/203 191,200$69KNo change
TACHW Titan Acquisition Corp -30 *W EXP 05/16/203 224,900$68KNo change
OACCW Oaktree Acquisition III -31 *W EXP 09/01/203 90,000$68KNo change
QETAR Quetta Acquisition Corp.-RTS RIGHT 99/99/9999 37,500$66KNo change
FGMCR FG Merger II Corp. RIGHT 02/11/2030 156,000$66KNo change
LPBBW Launch Two Acquisition -29 *W EXP 10/09/202 175,000$65KNo change
SIMAW Sim Acquisition Corp. - 29 *W EXP 06/01/203 172,500$64KNo change
MLACR Mountain Lake Acquisition Co. RIGHT 11/15/2028 424,739$64KNo change
FACWW Cartesian Growth Corp. -30 *W EXP 05/02/203 250,000$63KAdd +2.1%
VLOSW M3-Brigade Acquisition -30 *W EXP 99/99/999 47,990$62KReduce -4.0%
ATMCR Alphatime Acquisition-Right RIGHT 03/01/2028 212,900$62KNo change
PLMKW Plum Acquisition Corp. IV-30 *W EXP 08/19/202 212,700$62KNo change
PACHW Pioneer Acquisition I Corp. *W EXP 06/16/203 279,700$62KReduce -1.2%
BACQR Inflection Point Acquisition RIGHT 11/04/2026 89,700$61KReduce -28.2%
AXINR Axiom Intelligence Acquisiti RIGHT 06/10/2030 375,000$60KAdd +31.4%
MCGAW Yorkville Acquisition - 30 *W EXP 06/06/203 49,900$60KReduce -25.1%
CRAQR Cal Redwood Acquisition Corp. RIGHT 05/15/2030 271,251$60KNo change
SOCAW Solarius Capital Acqui -30 *W EXP 07/10/203 237,400$59KNew
TACOW Berto Acquisition Corp. - 30 *W EXP 05/01/203 87,500$59KNo change
SZZLR Sizzle Acquisition Corp. -RTS RIGHT 04/02/2030 325,000$57KNo change
APADR A Paradise Acquisition Corp. RIGHT 07/29/2025 345,220$57KNew
NETDW Nabors Energy Transiti-CW *W EXP 09/01/202 196,660$55KNo change
PELIR Pelican Acquisition Corp.-RTS RIGHT 05/02/2030 200,000$52KNo change
OYSER Oyster Enterprises II Acquis RIGHT 05/22/2030 300,000$51KAdd +47.8%
BRRWW Columbus Circle Capital -30 *W EXP 05/16/203 41,900$50KReduce -1.4%
GTERW Globa Terra Acquisition - 30 *W EXP 06/17/203 334,400$48KNew
GPATW GP-Act III Acq Class A -CW27 *W EXP 05/13/202 185,700$48KNo change
DAICW Cid Holdco Inc. -26 *W EXP 12/31/202 315,597$48KReduce -5.2%
AFJKR Aimei Health Technology Co. L RIGHT 11/17/2028 148,500$48KNo change
NTWOW Newbury Street II Acq - 29 *W EXP 06/01/203 187,400$47KNo change
KVAWF Keen Vision Acquisition C-28 *W EXP 03/15/202 662,700$42KNo change
ALCWF Alchemy Investments Acqui-28 *W EXP 11/30/202 289,500$42KNo change
BAYAR Bayview Acquisition Corp. RIGHT 11/17/2028 257,400$41KNo change
GSHRW Gesher Acquisition Corp. I-30 *W EXP 10/31/203 124,800$41KNo change
ISLWF Israel Acquisitions Corp.-28 *W EXP 99/99/999 225,000$41KNo change
AACBR Artius II Acquisition Inc. RIGHT 11/27/2029 175,000$40KNo change
FIGXW Figx Capital Acquisition Cor *W EXP 06/17/203 162,500$39KAdd +83.6%
PCAPW Procap Acq Corp. A -30 *W EXP 05/16/203 58,200$38KReduce -0.1%
ANSCW Agriculture & Natural Solu-W *W EXP 10/01/202 186,702$38KNo change
NMPAR NMP Acquisition Corp. RIGHT 06/27/2030 173,985$37KNew
ALFUW Centurion Acquisition - 29 *W EXP 05/31/203 107,027$36KNo change
TMSWW Live Oak Acquisition Co.-CW29 *W EXP 99/99/999 75,000$36KNo change
ORIQW Origin Investment Corp. I -30 *W EXP 06/27/203 200,000$36KNew
HSPRF Horizon Space Acquisition-RT RIGHT 12/27/2024 180,900$31KNo change
SBXWF Silverbox Corp. IV-A- 29 *W EXP 08/19/202 70,000$31KNo change
POLEW Andretti Acquisition Corp.-29 *W EXP 06/01/203 153,137$31KAdd +122.9%
ATMVR Alphavest Acquisition Co.-RT RIGHT 01/22/2026 50,000$31KReduce -87.7%
TDACW Translational Dev -A -CW26 *W EXP 12/18/202 100,000$29KNo change
BKHAR Black Hawk Acquisition C-RTS RIGHT 06/20/2025 19,700$29KNo change
WENNW Wen Acquisition Corp.-A -31 *W EXP 99/99/999 49,300$28KNo change
EVAC.WS Eqv Ventures Acquisition Cor *W EXP 06/30/203 116,600$28KNew
OBAWW Oxley Bridge Acq Ltd. -30 *W EXP 06/17/203 162,000$28KReduce -1.0%
LPAAW Launch One Acquisition - 29 *W EXP 06/01/203 112,500$26KNo change
MACIW Melar Acquisition Corp. I -29 *W EXP 06/01/203 148,800$23KNo change
IROHR Iron Horse Acquisitions Righ RIGHT 99/99/9999 30,000$23KReduce -37.5%
OIOWW Esgl Holdings Ltd.-28 *W EXP 08/02/202 200,800$23KNo change
KDKRW Ares Acquisition Corp. II-28 *W EXP 09/25/203 20,000$21KNew
FACTW Fact II Acquisition Corp. -29 *W EXP 11/26/203 75,000$21KNo change
PAII.WS Pyrophyte Acquisition Corp. I *W EXP 07/30/203 59,600$21KNew
DYCQR DT Cloud Acquisition Cor-RTS RIGHT 02/14/2029 98,900$20KNo change
CHPGR Championsgate Acquisition Co. RIGHT 05/14/2030 125,000$18KNo change
BLUWW Blue Water Acquisition-CW26 *W EXP 05/23/203 124,900$18KAdd +24.9%
ONCHW 1RT Acquisition Corp.-A -31 *W EXP 06/26/203 19,900$18KNew
IBACR Ib Acquisition Corp.-RTS RIGHT 09/28/2026 197,600$17KNo change
EQV VENTURES ACQUISITION *W EXP 07/01/203 32,800$16KNo change
OAKUW Oak Woods Acquisition -28 *W EXP 99/99/999 344,700$16KNo change
DMAAR Drugs Made in America Ac-RTS RIGHT 12/09/2029 75,000$16KNew
RFAIR RF Acquisition Corp. II RIGHT 05/01/2026 197,600$16KNo change
ATMCW Alphatime Acquisition Cor-28 *W EXP 03/01/202 212,900$15KNo change
VNMEW Vendome Acquisition Corp. I *W EXP 07/03/202 74,900$15KNew
OSRHW Bellevue Life Sciences-WRNT *W EXP 02/09/202 299,900$12KNo change
AAM.WS Aa Mission Acquisition -30 *W EXP 08/01/203 75,000$12KNo change
WTGUR Wintergreen Acquisition-RT RIGHT 99/99/9999 75,000$12KReduce -1.4%
BOWNR Bowen Acquisition Corp.-RTS RIGHT 99/99/9999 50,000$11KNo change
VACHW Voyager Acquisition Corp. -CW *W EXP 05/16/203 62,500$11KNo change
HSPWF Horizon Space Acquisition-28 *W EXP 12/27/202 180,900$11KNo change
UCFIW Iron Horse Acquisition Co.-29 *W EXP 09/30/203 99,000$10KNo change
FORLW Four Leaf Acquisition Cor-28 *W EXP 03/15/202 271,800$10KNo change
SCAGW Scage Future -30 *W EXP 05/15/203 160,800$8KNo change
LIMNW Liminatus Pharma Inc. Class A-28 *W EXP 04/30/203 47,500$7KReduce -5.0%
NXATW K Wave Media Ltd.-28 *W EXP 05/14/203 50,000$7KNo change
CHENGHE ACQUISITION II CO *W EXP 05/30/203 98,700$5KNew
MKDWW MKD Tech Inc. -29 *W EXP 06/10/202 346,900$5KNo change
ECD AUTOMOTIVE DESIGN INC *W EXP 12/12/202 244,654$4KNo change
ABLVW Able View Global Inc.-28 *W EXP 08/18/202 124,900$4KNo change
ASBPW Aspire Biopharma Holdin-CW27 *W EXP 02/14/203 124,924$4KNo change
CYCUW Cycurion Inc.-CW27 *W EXP 02/13/203 75,000$3KNo change
RMSGW Real Messenger Corp.-28 *W EXP 11/19/202 21,000$1KNo change
CDTTW Murphy Canyon Acq-CW27 *W EXP 09/22/202 105,000$1KNo change
NIVFW Newgenivf Group Ltd.-28 *W EXP 04/03/202 40,000$667No change

Total filed on the 13F, all lines: $411.1M.

Portfolio Sells Q2 2025 → Q3 2025
PACH Pioneer Acquisition I Class A Reduce -16.1% 1.20% −1.05
DYNC Dynamix Corp. Reduce -70.9% 0.23% −0.99
WLAC Willow Lane Acquisition Class A Reduce -57.1% 0.44% −0.98
CHAC Crane Harbor Acqu Corp. Class A Reduce -4.5% 1.35% −0.85
GTEN Gores Holdings X Inc. Class A Reduce -13.2% 1.04% −0.84
IBAC Ib Acquisition Corp. Reduce -60.0% 0.27% −0.77
NETD Nabors Energy Transition C-A Reduce -33.3% 0.57% −0.75
HAYMAKER ACQUISITION CORP 4 Reduce -21.4% 0.79% −0.75
VCIC Vine Hill Capital Class A Reduce -22.2% 0.75% −0.71
BEAG Bold Eagle Acquisition Cor-A Reduce -0.8% 1.18% −0.69
JENA Jena Acquisition Corp. II - A Reduce -0.3% 1.16% −0.68
MRLN Merlin Inc. Reduce -23.1% 0.66% −0.67
CEPO Cantor Equity Partners I-A Reduce -57.1% 0.20% −0.63
SBXDF Silverbox Corp. IV-A Reduce -17.6% 0.53% −0.53
BACC Blue Acquisition Corp. Class A Reduce -1.1% 0.89% −0.52
FTW Eqv Ventures Acquisition C-A Reduce -10.1% 0.66% −0.50
ARES ACQUISITION CORP II Sold out 0.00% −0.45
VLOS Velos Acquisition I Corp. Reduce -16.7% 0.40% −0.41
IMSR Terrestrial Energy Inc. Sold out 0.00% −0.38
GSRT GSR III Acquisition Corp. Sold out 0.00% −0.34
LPAA Launch One Acquisition Corp. Reduce -1.2% 0.53% −0.30
CAEP Cantor Equity Partners III-A Reduce -4.5% 0.45% −0.30
PCAP Procap Acquisition Corp. Class A Reduce -0.2% 0.46% −0.29
DMYY DMY Squared Technology GR-A Sold out 0.00% −0.15
CCIR Cohen Circle Acquisitio Class A Sold out 0.00% −0.15
WTG Wintergreen Acquisition Corp. Reduce -1.4% 0.19% −0.11
DISTOKEN ACQUISITION CORP Reduce -36.7% 0.00% −0.05
THRD Third Harmonic Bio Inc. Sold out 0.00% −0.04
VZLA Vizsla Silver Corp. Sold out 0.00% −0.01
SAFX XCF Global Inc. Class A Reduce -13.0% 0.00% −0.01
ASPIRE BIOPHARMA HLDGS INC Reduce -33.3% 0.00% −0.00

Portfolio Buys Q2 2025 → Q3 2025
BCSS.U Bain Capital GSS Investment New 1.76% +1.76
SVACU Spring Valley Acquisition Co. New 1.45% +1.45
HCMAU HCM III Acquisition Corp. New 1.31% +1.31
BDCIU BTC Development Corp. New 1.31% +1.31
BCAR D. Boral Arc Acquisit Class A New 1.26% +1.26
CCII Cohen Circle Acquisit II - A New 1.23% +1.23
INAC Indigo Acquisition Corp. New 1.20% +1.20
SOCA Solarius Capital Acquis Class A New 1.14% +1.14
GTERA Globa Terra Acquisition Co. Class A New 1.14% +1.14
EVAC Eqv Ventures Acquisition C-A New 1.14% +1.14
NPAC New Providence Acquisition-A New 1.11% +1.11
OTGAU Otg Acquisition Corp. I New 1.09% +1.09
ORIQ Origin Investment Corp. I New 1.02% +1.02
LATAU Galata Acquisition Corp. II New 1.02% +1.02
MBVIU M3-Brigade Acquisition Vi Co. New 1.01% +1.01
SPEG Silver Pegasus Acquisition-A New 0.95% +0.95
KOYNU CSLM Digital Asset Acquisiti New 0.90% +0.90
ENHA Enhanced Group Inc. New 0.88% +0.88
CEPF Cantor Equity Partners Class A New 0.78% +0.78
MKLYU McKinley Acquisition Corp. New 0.77% +0.77
SOUL Soulpower Acquisition Co. Class A New 0.69% +0.69
DMIIU Drugs Made in America Acquis New 0.63% +0.63
VNME Vendome Acquisition Corp. Class A New 0.63% +0.63
FERA Fifth Era Acquisition Corp. Class A New 0.58% +0.58
NMP NMP Acquisition Corp. Class A New 0.57% +0.57
AEXA American Exceptionalism Class A New 0.56% +0.56
CUB Lionheart Holdings Class A New 0.54% +0.54
POLE Andretti Acquisition Corp. Class A Add +372.2% 0.77% +0.52
GSRFU GSR IV Acquisition Corp. New 0.52% +0.52
EGHA Egh Acquisition Co. Class A New 0.51% +0.51
EMISU Emmis Acquisition Corp. New 0.51% +0.51
CHECU Chenghe Acquisition III Co. New 0.51% +0.51
PAII Pyrophyte Acquisition Corp. Class A New 0.51% +0.51
INFQ Infleqtion Inc. New 0.47% +0.47
HVMCU Highview Merger Corp. New 0.46% +0.46
TLNCU Talon Capital Corp. New 0.35% +0.35
MCGA Yorkville Acquisition Corp. Class A New 0.34% +0.34
QUMSU Quantumsphere Acquisition Co. New 0.32% +0.32
FACT Fact II Acquisition Corp. Add +116.5% 1.14% +0.32
SIMA Sim Acquisition Corp. I-A Add +100.0% 1.21% +0.27
KYIV Kyivstar Group Ltd. New 0.27% +0.27
IPEX Inflection Point Acquisition New 0.26% +0.26
BLZRU Trailblazer Acquisition Corp. New 0.26% +0.26
RAAQ Real Asset Acquisiti Class A New 0.26% +0.26
TDAC Translational Development Ac Add +100.0% 1.05% +0.24
FCRS.U Futurecrest Acquisition Corp. New 0.22% +0.22
ONCH 1RT Acquisition Corp. Class A New 0.21% +0.21
AACB Artius II Acquisition Inc. Class A Add +89.5% 1.12% +0.20
FIGX Figx Capital Acquisition C-A Add +97.7% 0.89% +0.18
DMAA Drugs Made in America Acquis New 0.13% +0.13

Options Activity Q2 2025 → Q3 2025
SLF Sun Life Financial Inc. call Add +62.5% 650,000 $39.0M
HYG Ishr Ibx Usd Hiyld CB ETF-Ui put New 400,000 $32.5M
RY Royal Bank of Canada call Reduce -14.9% 200,000 $29.5M
ENB Enbridge Inc. call Add +13.6% 500,000 $25.2M
TD Toronto-Dominion Bank call Reduce -40.7% 270,000 $21.6M
BNS Bank of Nova Scotia call Reduce -44.2% 251,200 $16.2M
CM Can Imperial BK of Commerce call Sold out 30,000 $2.1Mbefore exit
GDXJ Vaneck Junior Gold Miners put New 6,500 $644K
COLOMBIER ACQUISITION CORP call Sold out 30,000 $464Kbefore exit
META Meta Platforms Inc. Class A put New 500 $367K
META Meta Platforms Inc. Class A call Add +66.7% 500 $367K
AAPL Apple Inc. call Sold out 1,600 $328Kbefore exit
UNH Unitedhealth Group Inc. put Sold out 900 $281Kbefore exit
UNH Unitedhealth Group Inc. call Sold out 900 $281Kbefore exit
PYPL PayPal Holdings Inc. put New 4,000 $268K
PYPL PayPal Holdings Inc. call New 4,000 $268K
INTC Intel Corp. call Sold out 9,000 $202Kbefore exit

Calls and puts are listed by the shares they cover; their value is not part of the stock holdings above.

Notes & Other Activity Q2 2025 → Q3 2025
EQUINOX GOLD CORP (EQXCN 4.75 10/15/28) NOTE 4.750%10/1 · principal Add +25.0% 2,500,000 $4.8M
TVACW Texas Ventures Acq -31 *W EXP 04/23/203 Reduce -11.1% 200,000 $220K
LEGT.WS Legato Merger Corp. III-29 *W EXP 05/08/203 Reduce -4.4% 549,900 $206K
SVIWF Spring Valley Acquisition-Aw *W EXP 02/25/202 Reduce -58.6% 140,000 $182K
INFQ.WS Churchill Capital Corp. X *W EXP 05/14/203 Reduce -60.0% 50,000 $178K
WLACW Willow Lane Acquisition - 29 *W EXP 10/31/203 Reduce -65.7% 60,000 $168K
KDKRW Ares Acquisition Corp. II-28 *W EXP 99/99/999 Sold out 150,000 $165Kbefore exit
VCICW Vine Hill Capital Class A-2 *W EXP 07/01/203 Reduce -42.9% 100,000 $160K
SVIRF Spring Valley Acquisit-Right RIGHT 02/25/2026 Reduce -69.9% 225,000 $117K
HDRNW GIGCAPITAL7 Corp.-A - 29 *W EXP 08/29/202 Reduce -16.8% 250,000 $113K
ESHAR Esh Acquisition Corp. - Right RIGHT 06/13/2028 Reduce -29.0% 550,000 $106K
DYNCW Dynamix Corp. - 29 *W EXP 10/25/202 Reduce -50.0% 50,000 $106K
GSRTR GSR III Acquisition Corp. RIGHT 99/99/9999 Sold out 14,700 $100Kbefore exit
JENA ACQUISITION CORP II-RTS RIGHT 03/31/2030 Add +10.7% 500,000 $100K
PMTRW Perimeter Acquis Corp. I -30 *W EXP 05/13/203 Add +61.5% 165,100 $99K
CCIIW Cohen Circle Acq II -30 *W EXP 07/01/203 New 123,200 $99K
RDAGW Republic Digital Acqu - 30 *W EXP 05/01/203 Add +3.1% 149,900 $97K
SPEGR Silver Pegasus Acquisition C RIGHT 06/26/2030 New 375,241 $92K
IPCXR Inflection Point Acquisition RIGHT 04/25/2030 Reduce -20.1% 200,000 $88K
GTENW Gores Holdings X Inc.-31 *W EXP 05/02/203 Reduce -6.3% 115,000 $87K
INACR Indigo Acquisition Corp. RIGHT 04/02/2027 New 525,000 $84K
RTACW Renatus Tactical Acqu - 30 *W EXP 05/15/203 Reduce -3.6% 67,500 $81K
IMSRW HCM II Acquisition Corp. - 29 *W EXP 99/99/999 Sold out 32,500 $76Kbefore exit
BCARW D Boral Arc Acquisition - 30 *W EXP 07/23/203 New 346,400 $75K
TVAIR Thayer Ventures Acquisition RIGHT 05/15/2030 Add +13.2% 434,500 $74K
ATIIW Archimedes Tech-30 *W EXP 10/15/202 Reduce -11.2% 198,600 $73K
BACCR Blue Acquisition Corp.-RTS RIGHT 06/11/2030 Add +27.2% 450,000 $72K
GTERR Globa Terra Acquisition-RTS RIGHT 06/17/2030 New 479,200 $72K
KCHVR Kochav Defense Acquisition-R RIGHT 05/21/2030 Add +17.3% 325,000 $72K
FACWW Cartesian Growth Corp. -30 *W EXP 05/02/203 Add +2.1% 250,000 $63K
VLOSW M3-Brigade Acquisition -30 *W EXP 99/99/999 Reduce -4.0% 47,990 $62K
DMYYW DMY Squared Technology GR-27 *W EXP 99/99/999 Sold out 32,500 $62Kbefore exit
PACHW Pioneer Acquisition I Corp. *W EXP 06/16/203 Reduce -1.2% 279,700 $62K
BACQR Inflection Point Acquisition RIGHT 11/04/2026 Reduce -28.2% 89,700 $61K
AXINR Axiom Intelligence Acquisiti RIGHT 06/10/2030 Add +31.4% 375,000 $60K
MCGAW Yorkville Acquisition - 30 *W EXP 06/06/203 Reduce -25.1% 49,900 $60K
CCIRW Cohen Circle Acquisition-29 *W EXP 01/31/202 Sold out 29,800 $60Kbefore exit
SOCAW Solarius Capital Acqui -30 *W EXP 07/10/203 New 237,400 $59K
APADR A Paradise Acquisition Corp. RIGHT 07/29/2025 New 345,220 $57K
OYSER Oyster Enterprises II Acquis RIGHT 05/22/2030 Add +47.8% 300,000 $51K
BRRWW Columbus Circle Capital -30 *W EXP 05/16/203 Reduce -1.4% 41,900 $50K
GTERW Globa Terra Acquisition - 30 *W EXP 06/17/203 New 334,400 $48K
DAICW Cid Holdco Inc. -26 *W EXP 12/31/202 Reduce -5.2% 315,597 $48K
FIGXW Figx Capital Acquisition Cor *W EXP 06/17/203 Add +83.6% 162,500 $39K
PCAPW Procap Acq Corp. A -30 *W EXP 05/16/203 Reduce -0.1% 58,200 $38K
NMPAR NMP Acquisition Corp. RIGHT 06/27/2030 New 173,985 $37K
ORIQW Origin Investment Corp. I -30 *W EXP 06/27/203 New 200,000 $36K
JVSAR Jvspac Acquisition Corp.-RTS RIGHT 11/26/2026 Sold out 36,000 $31Kbefore exit
POLEW Andretti Acquisition Corp.-29 *W EXP 06/01/203 Add +122.9% 153,137 $31K
ATMVR Alphavest Acquisition Co.-RT RIGHT 01/22/2026 Reduce -87.7% 50,000 $31K

Showing the first 50 of 69.

Bonds, preferreds, convertibles and warrants; not part of the stock holdings or percentages above.

All Filings

QuarterPositions13F Reported ValueTop Holdings
Q2 2026 235$600.2MCRAN, ARTC, PTOR, KEYY, HCMA
Q1 2026 211$548.6MCRAN, ARTC, SVAQ, MLAA, PTOR
Q4 2025 170$490.8MSVAQU, CRANU, BCSS, DNMX, CCXIU
Q3 2025 135$393.1MBCSS.U, SVACU, CHAC, ONEN, DRDB
Q2 2025 99$251.4MPACHU, CHAC, CCCXU, COPL, GTEN
Q1 2025 71$159.2MONEN, BEAG, ALDF, HAYMAKER ACQUISITION CORP 4, OACC
Q4 2024 60$119.3MHAYMAKER ACQUISITION CORP 4, OACCU, ALDFU, LEGT, NETD
Q3 2024 63$138.0MESHA, CCIX, LEGT, ARES ACQUISITION CORP II, HAYMAKER ACQUISITION CORP 4
Q2 2024 96$251.2MSBXC, ESHA, LEGT, NETD, HAYMAKER ACQUISITION CORP 4
Q1 2024 126$346.8MARES ACQUISITION CORP II, SBXC, CNDA, ESHA, NETD